Metals Update 1/9/2020

OTC Markets Group Welcomes Gold Terra Resource Corp. to OTCQX

NEW YORK, Sept. 1, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Gold Terra Resource Corp. (TSX-V: YGT;  OTCQX: TRXXF), a junior gold exploration company, has qualified to trade on the OTCQX® Best Market. Gold Terra Resource Corp. upgraded to OTCQX from the OTCQB® Venture Market.

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Troilus’ Preliminary Economic Assessment Delivers an After-Tax NPV5% of US$1,156 Million With a 38.3% IRR at a Spot Price of US$1950/oz Gold and an NPV5% of US$576 Million and 22.9% IRR at Base Case US$1475/oz Gold

TORONTO, Sept. 01, 2020 (GLOBE NEWSWIRE) — Troilus Gold Corp. (TSX: TLG; OTCQB: CHXMF) (“Troilus” or the “Company”) is pleased to announce the positive results of a Preliminary Economic Assessment (“PEA”) completed on its 100%-owned Troilus Gold Project (the “Project”) located in Quebec, Canada. The PEA supports a combined open pit/underground mining scenario with low initial capital costs and high rate of return for a 35,000 tonne per day (“tpd”) operation over a 22-year mine life.

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Gold Terra Upgraded to the OTCQX Market

VANCOUVER, BC / ACCESSWIRE / September 1, 2020 / Gold Terra Resource Corp. (TSXV:YGT)(FRA:TX0)(OTCQX:TRXXF) (“Gold Terra” or the “Company) is pleased to announce that it has qualified to trade on the OTCQX Best Market. Gold Terra upgraded to OTCQX from the OTCQB Venture Market.

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Altus Strategies grants options to buy 5.1M shares

Altus Strategies PLC has granted share options to acquire an aggregate of 5.1 million ordinary shares of 0.05 British pound each in the company to certain directors and employees of the company. The exercise price of the share options is 0.7315 British pound per ordinary share, representing a 10-per-cent premium to the closing price of the ordinary shares as at the close of the Alternative Investment Market on Aug. 28, 2020. The share options are exercisable for five years. Details of the grants are set out in the associated tables.

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Cerro de Pasco Resources Extends Date for Landmark Acquisition of the Cerro de Pasco Mine

  • Agrees to a 60 days Extension to the Cerro de Pasco Mine Acquisition Agreement
  • Mandates Sprott Capital Partners LP as Financial Advisor
  • Adds $1M to Recent Financing
  • Grants Stock Options to Directors, Officers, Employees and Consultants
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Omineca Announces the Receipt of Drill Permits – Drilling to Commence

SASKATOON, SK, Sept. 1, 2020 /CNW/ – Omineca Mining and Metals Ltd. (TSXV: OMM) (“Omineca” or the “Company”), announces that it has received permits from the Government of British Columbia for the first 27 diamond drill holes, totalling approximately 8,000 meters, at its Wingdam gold exploration project in the Cariboo Mining District of south-central British Columbia. A drill is on site and final preparations are underway to commence the maiden drill program.

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Group 11 Technologies Inc. Announces Commercial Launch

DALLAS, Texas, Sept. 01, 2020 (GLOBE NEWSWIRE) — Group 11 Technologies Inc., (‘Group 11 or the “Company”), a United States-based private company committed to testing and implementing non-invasive in-situ recovery (“ISR”) of precious metals with the use of environmentally friendly solutions, is pleased to announce its commercial launch.

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FPX begins carbon capture field tests at Baptiste

FPX Nickel Corp. has commenced the first-ever field tests that are designed to confirm the potential for the development of a low-carbon or zero-carbon mining operation at its Baptiste project in the Decar nickel district in central British Columbia. The field tests, initiated in August by researchers from the University of British Columbia (“UBC”), build on previous positive laboratory tests, which have demonstrated that the Baptiste Project’s tailings can absorb considerable quantities of carbon dioxide (“CO2 “) when exposed to air through a natural process of mineral carbonation.

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